Can't seem to get yum and subscription-manager to work together

Got a frustrating problem here. I have a successfully registered RHEL 7.0 system (used subscription-manager):
[root@xxxxx ~]# subscription-manager list
+-------------------------------------------+
Installed Product Status
+-------------------------------------------+
Product Name: Red Hat Enterprise Linux Server
Product ID: 69
Version: 7.0
Arch: x86_64
Status: Subscribed
Status Details:
Starts: 12/12/2014
Ends: 12/11/2015

[root@xxxxx ~]# subscription-manager status
+-------------------------------------------+
System Status Details
+-------------------------------------------+
Overall Status: Current

However, it won't do anything with yum. I consistently get:

[root@xxxxx ~]# yum repolist
Loaded plugins: product-id, subscription-manager
https://cdn.redhat.com/content/eus/rhel/server/7/7Server/x86_64/os/repodata/repomd.xml: [Errno 14] HTTPS Error 404 - Not Found
Trying other mirror.
https://cdn.redhat.com/content/eus/rhel/server/7/7Server/x86_64/os/repodata/repomd.xml: [Errno 14] HTTPS Error 404 - Not Found
Trying other mirror.

responses with all yum commands. There's no distroverpkg= stanza in yum.conf (never was). Tried yum clean, subscription manager refresh, deleting all of the stuff in /var/cache/yum, all to no avail. Any ideas as to how to resolve this?

Thanks...